PENMAR, MARKET PLACE, STURMINSTER NEWTON, DT10 1AS - £350,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

PENMAR is a large extended detached house of 151m², built sometime before 1900. It was last sold for £350,000 in February 2023, which was around 33% below the average February 2023 detached price in the Dorset local authority area. The most recent EPC inspection was September 2022, where the current energy rating was D, and the potential energy rating was B.

PENMAR Sold Prices

Land registry data shows three sales for PENMAR since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Dorset local authority area for the corresponding sale date. All of the three PENMAR sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2023 10 FEB	£350,000	£525,832	33% below HPI
2003 25 JUL	£192,000	£251,083	24% below HPI
2001 25 MAY	£169,500	£170,688	1% below HPI

PENMAR Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dorset local authority area over time, sourced from the HPI. The three PENMAR sales between May 2001 and February 2023 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the July 2003 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the February 2023 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is PENMAR?

PENMAR is 151m², which includes three extensions, according to the EPC inspection conducted in September 2022. This puts it in the largest 30% of detached houses in Sturminster Newton, based on EPC data. The below chart shows the distribution of detached houses by size in Sturminster Newton, and where PENMAR lies on this distribution: 76% of detached houses are smaller than PENMAR, and 24% of houses are larger. Note that EPC data is not available for all properties in Sturminster Newton.

PENMAR: Plot and Title Map

PENMAR sits on a plot of roughly 0.050 of an acre, or 203m². The below map shows the location of PENMAR, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of PENMAR). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is PENMAR?

PENMAR is located on MARKET PLACE in STURMINSTER NEWTON, in the DT10 postcode district. The below map shows the position of PENMAR on MARKET PLACE.